Katy Perry Starting Record Label

Katy Perry is launching her own label. She has achieved unprecedented success as an artist, so she can certainly parlay that into her record company.

"I'm preparing for it now," Perry told The Hollywood Reporter of the as-yet-unnamed imprint. "And when this record label does come to fruition, I'm going to try and avoid the things that take away any fighting chance for an artist to have financial success." It takes an artist to know an artist.